Titlebook: International Financial Integration; The Limits of Sovere David T. Llewellyn Textbook 1980Latest edition David T. Llewellyn 1980 econometri

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Stabilisation Policy in an Open Economy,rate system and the interest-rate sensitivity of international capital movements. The analysis of stabilisation policy is reviewed in this chapter within a generalised, essentially Keynesian, framework which incorporates the monetary aspects of the balance of payments.

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Capital Account Policies and Financial Institutions,led analysis is given of two measures: (i) the use of reserve requirements on bank and non-bank external borrowing; and (ii) the two-tier or dual exchange market. A review is also made of the limited empirical evidence about their effectiveness.

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David T. Llewellyn 1980

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